The results from the 2022 Financial Fitness Index note that the crypto market is experiencing quite choppy price movements. The increase in the crypto market cap was accompanied by a rally in Bitcoin and Ethereum prices after the Fed announced an increase in the benchmark interest rate by 75 basis points, aka according to market participants' expectations.
The market cap of the crypto market is back to above US$1 trillion. In particular, the total crypto market cap as of July 28 was US$1.052 trillion, gaining US$70 billion or up 7% in the last 24 hours, according to CoinMarketCap data.
In addition, the price of Bitcoin has also increased by 9 percent in the last seven days and is trading in the range of USD 18,000 or around Rp. 68 million to USD 24,000 (Rp. 356 million), where investors have returned to investing in Bitcoin in that price range. Bitcoin is the cryptocurrency with the largest capitalization in the world. While Ethereum is the cryptocurrency with the second largest market capitalization.
The survey also shows that 42% of today's young generation feel confident that their financial planning will provide financial success in the future. Unfortunately, there is a difference between what they think and what they actually do.
This is evidenced by 80% of them not recording the budget, and only 26% having an emergency fund. in fact, only 9% of the younger generation already have investment products.
As one of the solutions to the financial problems faced by society today, especially the younger generation, NYALA OCBC NISP has prepared Check, Choose and Cuan solutions to support them in taking concrete steps to achieve FinanciallyFit conditions.